Europe - The Official Thread

Easy solution: Ask Germany for 300,000,000,000 Euro because of WWII. (And threaten with dispossession of German properties.)

Seriously, Greek gouvernment, all I can do is laugh. Ridiculous. Go and **** yourself.

EDIT: I`m talking about the Greek gouvernment, not the Greek people!
 
According to Dutch financial experts:

On short term the drop of the Euro isn't that bad. Export will rise, and with import becoming a bit more expensive inflation will also have to rise a bit. As long as this doesn't last too long it's a win-win situation. For now.
 
Dennisch
According to Dutch financial experts:

On short term the drop of the Euro isn't that bad. Export will rise, and with import becoming a bit more expensive inflation will also have to rise a bit. As long as this doesn't last too long it's a win-win situation. For now.
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It's only good for companies with a big margin of export outside of the EU Zone. And only if they produce most of it in the EU. Like a lot of German industries.

For the little guy, prices will rise on electronics for exemple. Gopro already rose the price by 10% to account for the currency change.

And what is long. The program lasts at least till 2016... and it will at least forshadow it's consequences till 2020...

Only time will tell....

But there are also a lot of economics experts that see this as a huge risk. Even members from the ECB, like the german Central Bank member (Wiedemann)

It won't be the end of the world, the EU ... but if it fails, it's the people that suffer and Draghi will not be held accountable...
 
Dennisch
According to Dutch financial experts:

On short term the drop of the Euro isn't that bad. Export will rise, and with import becoming a bit more expensive inflation will also have to rise a bit. As long as this doesn't last too long it's a win-win situation. For now.
Click to expand...

It's already having an effect on petrol here, prices have risen by 6-10c per litre from around €1.25-28/litre about a month or two ago.
 
It has begun!

Get them while they're still hot!

Greece is selling the port of Piraeus and 14 of their regional airports!
 
I'm going back to the UK, in a fortnight, at the worst possible time in terms of EUR-GBP exchange rate.

God 🤬 damn it.
 
They don't know yet, but her tshirt said End ECB Dicktatorship.

So stop tatorshipping your dicks, gents!

Edit

Dotini
Who was that? The FN, UKIP?
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It was an Femen activist. Kinda explains it.
 
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Draghi is a central banker. Central bankers never see bad news except in the rear view mirror.
 
Greek Minister of Finance Lord Voldemort has been pushed aside as leader of the Greek troops that are negotiating with the EU.

The main reason is him being grossly unprepared for all his tasks.
 
I think he's done a pretty good job thus far - given that his task is quite literally an impossible one, he's done pretty well at making it this far. Sidelining Varoufakis isn't going to make an iota of difference... Harry Houdini wouldn't have managed a better job of escaping from this situation. It's a miracle they need, not a magician.
 
I am Seeing a trend across alot of Western countries, most notably UK, Canada, Australia and New Zealand.

Where intreast rates are low, growth is low, and unemployment is high or growing yet the housing sector is exploding, suggesting a massive housing bubble on the Horizon for said countries.

Sydney for Example is experiencing a projected 30% growth In property prices this year despite the slowing economy and high unemployment.

This could end nasty.
 
This year is turning out to be the worst year for new car sales since 1969 in the Netherlands.

Every single sector is seeing improvement except for car sales.

Perhaps it's because cars are ridiculously expensive here?
 
Things are heating up for Greece as they are heading towards a default rather quickly now.

Tsiparis and Varoufakis have now both demanded a debt relief. Tsiparis is however playing flippity-flop like a madman. When talking with Europe he talks about meeting their demands, but when he is talking in Greece, it's all about his unrealistic election promises.

Somehow, I can't help but think that he forgets that everything he says in Greek is translated into pretty much every language that exists and is plastered all over the news.
 
Dennisch
Things are heating up for Greece as they are heading towards a default rather quickly now.

Tsiparis and Varoufakis have now both demanded a debt relief. Tsiparis is however playing flippity-flop like a madman. When talking with Europe he talks about meeting their demands, but when he is talking in Greece, it's all about his unrealistic election promises.

Somehow, I can't help but think that he forgets that everything he says in Greek is translated into pretty much every language that exists and is plastered all over the news.
Click to expand...
But it's all Greek to everyone else. Who knows what he could be saying. He could be telling us that we are all candied yams.
 
ticking-clock.gif


Greece is going down. Another round of talks has failed. The people have started to take their money away from the banks. 11 days left until their latest bill needs to be paid off.

Yesterday people protested against the Euro. Today people protested for the Euro, and they are urging the government to get their **** together and make an agreement with the EU.

So, Return of the Drachma, or The Euro strikes back? (They can forget The new hope)
 
Dennisch
Greece is going down. Another round of talks has failed. The people have started to take their money away from the banks. 11 days left until their latest bill needs to be paid off.
Click to expand...

Sadly that won't help them or Greece. Their withdrawals will be in Euros and if/when Greece returns to the Drachma the Euro owners will either be at the mercy of exchange rates or they'll spend the money outside Greece from PayPal accounts or similar.

Putin continues talks with Greece's leaders, I read, that could make for some interesting politics in the region if Russia are able to bail the country out. I'm just not sure that Russia has the finance or that Greece has anything other than geographical position that's worth trading.
 
Greece in my opinion should both default and exit the eurozone. In the end though, painful fiscal choices must be made...the current talks are only just prolonging the pain.

For the record, I don't just apply this to greece, but other eurozone countries who are facing the very same thing like Spain. In end these these countries are just paying the prices for their socialist policies.

Also americans should be paying attention to what is going on greece because soon they'll be facing the same painful fiscal choices and its only a matter of time.
 
The other PIIGS aren't doing so badly anymore. Most of them show good improvement. It's just Greece that's being a bad sport/annoying kid in class.
 
TenEightyOne
Putin continues talks with Greece's leaders, I read, that could make for some interesting politics in the region if Russia are able to bail the country out. I'm just not sure that Russia has the finance or that Greece has anything other than geographical position that's worth trading.
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Russia bailing out Greece is extremely unlikely, IMO. Russia has money, but doesn't want to blow it on Greece.
Ostensibly, they are talking about a new gas pipeline from Russia thru Turkey to Greece, making Greece an energy hub for Europe. This is a long-term deal, and the Greeks would not reap much early benefit. The thing you have most to worry about is Greece failing to make it unanimous next time anti-Russia sanctions come up for a vote of the EU.
 
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Dennisch
The other PIIGS aren't doing so badly anymore. Most of them show good improvement. It's just Greece that's being a bad sport/annoying kid in class.
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Don't be fooled by appearances...as for Greece, it shouldn't be bailed-out by anybody...if anything Greece and many of these other irresponsible eurozone countries need to drink the kool-aid...the same goes for the united states which will eventually face its day of reckoning soon.
 
A2K78
Don't be fooled by appearances...
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The EU financial bobo's are quite clear and open about what's going on. And their word is something you can trust, to some extent of course, they're still politicians.

The PIIS were able to look at Greece to see how not to do it, and acted accordingly.

Take Spain as example

It isn't great yet, but they are getting there.
 
Dennisch
I seriously doubt that the Greeks want their debt to be moved from the EU to Russia.

That's like lending money from a loan shark to pay your debt at the bank.
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Spot on... but the time of talking about what the Greeks may 'want' is well and truly over... people turn to loan sharks for a reason - because regular banks won't touch them with a 10ft barge pole. The consequences of a Russian bailout of Greece will be massive for Europe, the EU, NATO and especially Greece - but for Russia it would be money well spent and a timely shot in the arm for Putin, just as he's ramping up the pressure on 'the West' by bolstering his nuclear arsenal, playing wargames with Scandanavia, the UK, and the EU in general, and continuing to play the long game in the Ukraine.

Greece crashing out of the Euro will be a disaster for Greece, and a major upheaval for the Eurozone - it will survive, however, and ultimately will be better off without a basketcase economy like Greece; but the EU project was never just about the Euro or economics - it was meant to be about peace, stability and closer political and fraternal ties between European and allied states. When Greece goes, you can bet your bottom dollar that the first thing to go will be the pleasantries... let's hope this is all just another smoke and mirrors trick by both sides, but there's an inevitability about this - the damage was done long ago and now it's about time to pay the piper.

The taramasalata is about to hit the fan.
 
Grim side note :

Jeroen Dijsselbloem, head of the Euro Group, who was up until this week always quite positive about getting to an agreement with Greece has now said that he doesn't see it happen anymore.

 

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